Telsey Advisory Group has recently reiterated Leslie’s Inc (LESL) stock to Market Perform rating, as announced on July 18, 2024, according to Finviz. Earlier, on July 18, 2024, Stifel had reduced the stock from a Hold to Sell, setting a price target of $2.50 for LESL stock. Mizuho also initiated Neutral rating with a price target of $7. Additionally, Telsey Advisory Group reiterated Market Perform rating on November 29, 2023, with a target price of $6. Goldman analysts, in their report published on November 29, 2023, also reduced Neutral rating and set a price target of $10 for Leslie’s Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Leslie’s Inc (LESL) Stock Trading Recap
On Tuesday, Leslie’s Inc (LESL) stock saw a modest uptick, ending the day at $3.08 which represents a slight increase of $0.17 or 5.84% from the prior close of $2.91. The stock opened at $2.85 and touched a low of $2.78 during the day, reaching a high of $3.1. The volume of shares traded was 3.65 million falling short of the average volume of 4.74 million.
LESL Stock Performance and Moving Averages
In recent trading, Leslie’s Inc (LESL) stock price has shown some volatility, fluctuating 8.07% over the last five trades and 12.41% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -37.27%, and it has gained 11.59% in the previous three months. Currently, LESL is trading at 11.11%, 8.65%, and -32.90% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, LESL, a Consumer Cyclical sector stock, is trading -62.48% below its 52-week high but remains 27.27% above its 52-week low. The Average True Range (ATR) (14 days) of 0.2 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Leslie’s Inc’s Profitability and Valuation Ratios
Leslie’s Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 5.14% and a profit margin of 0.22%, with a gross margin of -37.27%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Leslie’s Inc’s market capitalization stands at $569.54 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 197.44, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 17.02. Additionally, the Price-to-Sales Ratio is 0.42, reflecting the market’s valuation of the company’s sales.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 4.29% of Leslie’s Inc (LESL)’s shares, while financial institutions hold 115.53%.
